Thermo Fisher to Sell Cole-Parmer Unit for $480 Million

Science Technologies Provider to Sell Unit to GTCR

By

Joshua Jamerson

July 17, 2014 9:58 a.m. ET

Thermo Fisher Scientific Inc. agreed to sell one of its lab units, Cole-Parmer, to private-equity firm GTCR for $480 million in cash.

The company has previously said its $13.6 billion acquisition of Life Technologies Corp. would allow it to cut costs while gaining from next-generation genetic-sequencing machines. It has also sought to expand in...